Question

The CP of 20 apples is equal to the SP of 10 apples. Find the percentage of profit or loss​

Answer 1

Answer:

If C is the cost price per Apple & S the selling price per apple, then,

10C=12S

C=12S/10 =6S/5

Gain on Sale =S-C=S-6S/5 =-S/5

Percentage of gain =-(S/5)/(6S/5)*100=-100/6 or -16.67%

Or a Loss of 16.67% (Ans).

Step-by-step explanation:

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